AlphaCentric Advisors LLC bought a new position in shares of PhenixFIN Co. (NYSE:PFX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,300 shares of the company's stock, valued at approximately $507,000. AlphaCentric Advisors LLC owned about 0.51% of PhenixFIN at the end of the most recent reporting period.
PhenixFIN Price Performance
Shares of PFX stock traded up $0.25 during trading hours on Thursday, hitting $53.13. 2,192 shares of the company's stock were exchanged, compared to its average volume of 2,770. The stock's 50-day moving average is $49.41 and its 200-day moving average is $48.08. PhenixFIN Co. has a 52 week low of $42.50 and a 52 week high of $53.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $107.32 million, a price-to-earnings ratio of 6.52 and a beta of 0.99.
PhenixFIN Increases Dividend
The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 17th were paid a $1.43 dividend. The ex-dividend date was Friday, February 14th. This is an increase from PhenixFIN's previous dividend of $1.31. This represents a yield of 5.59%.
Insider Buying and Selling
In other news, CEO David A. Lorber bought 12,871 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $48.05 per share, for a total transaction of $618,451.55. Following the acquisition, the chief executive officer now directly owns 138,854 shares in the company, valued at approximately $6,671,934.70. This trade represents a 10.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.40% of the stock is currently owned by company insiders.
About PhenixFIN
(
Free Report)
PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.
Featured Articles
Before you consider PhenixFIN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PhenixFIN wasn't on the list.
While PhenixFIN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
